Property profile

1120 E Ocean Ave Lompoc, CA 93436

FOR SALE
Turn key restaurants
Property ID
US09-1155601
0.15 ac lot
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,496 square foot free-standing restaurant building is ideally situated on East Ocean Avenue in Lompoc, California, boasting significant visibility and high traffic counts. The property features a convenient drive-thru, making it an attractive option for various quick-service restaurant concepts. The expansive lot size of 13,068 square feet provides ample space for outdoor seating or future expansion. The building is zoned for restaurant use, ensuring a seamless transition for prospective buyers. The property's robust 400 AMP power supply caters to the demands of a busy restaurant operation. The property's address is 1120 E Ocean Ave, Lompoc, CA 93436, and is identified by APN numbers 085-191-006 and 085-191-005. This single-tenant property presents a unique opportunity for investors and restaurateurs seeking a well-established location with high visibility and strong potential for growth. The property's strategic placement along Ocean Boulevard ensures maximum exposure to a large volume of daily traffic. This turnkey operation is ready for immediate occupancy and offers a compelling investment opportunity in a thriving market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.15 ac (6,534 SF)
APN 085-191-006
UPID US09-1155601

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center
  • Grocery & Convenience Store Specialty Food Shop
  • Medical Laboratory
  • Church
  • Church Mosque

Location

1120 E Ocean Ave Lompoc, CA 93436
Lompoc metro Census 2708 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2009
3 recorded transactions
2009
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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